{
  "id": 703779,
  "title": "Euro reverses from two-day high, fade US soft CPI move",
  "url": "https://urgent.news/2026/08/12/euro-reverses-from-two-day-high-fade-us-soft-cpi-move",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T21:58:54.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-reverses-from-two-day-high-fade-us-soft-cpi-move-202608122158"
  },
  "original_language": "en",
  "account": "The Euro experienced a reversal following a two-day high of 1.1563, following a mild US inflation report for July. This prompted investors to reduce positions, anticipating a less aggressive Federal Reserve. The EUR/USD pair retreated to 1.1522, down 0.17%. The US CPI for July aligned with expectations, suggesting ongoing disinflation. Germany's HICP remained stable at 2.8% in July, though energy prices continue to rise, influencing inflation. Eurozone inflation data, including Spain's release and EU industrial production, will be crucial. Technical analysis indicates a mildly bullish bias for EUR/USD, with support near 1.1514 and resistance at 1.1849.",
  "summary": "The Euro reversed course after reaching a two-day high of 1.1563, following the release of a benign US inflation report for July, which triggered a repricing for a less “hawkish” Federal Reserve, throughout 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}